Category: Economics

Buying optionality, or Is there life after death?

22 December, 2014 (09:00) | Atlantic City, Carl Icahn, Casinos, Cities, Development, Donald Trump, Economics, ED4ED, Eminent domain, Fair market value, Gambling, Homeownership, Housing, Land use, Markets, Urban renewal, Urbanization, US News, Vera Coking | No comments

By: David A. Smith Backing up the claim? Vera Coking’s boarding house, pre-demolition A few months ago, in August, I wrote at length (You have the right to remain: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6 and Part 7) about the end of Vera Coking’s ownership of her decaying and […]

Yo ho ho and a share of the profits: Part 6, “Shall have our gracious pardon”

10 November, 2014 (09:00) | Amnesty, Business model, Economics, Entrepreneur, Informality, Marcus Rediker, Markets, Mobility, Networks, Piracy, Pirates, Slavery, Speculation |

[Continued from Friday’s Part 5 and the preceding Part 1, Part 2, Part 3 and Part 4.] By: David A. Smith Having made it all the way to the end of my self-indulgent multi-part speculation on piracy as a transitional business model based on disruptive technology, in which I largely disagree with Marcus Rediker’s views, at […]

Yo ho ho and a share of the profits: Part 5, “Not honester than their neighbors”

7 November, 2014 (09:00) | Amnesty, Business model, Economics, Entrepreneur, Informality, Marcus Rediker, Markets, Mobility, Networks, Piracy, Pirates, Slavery, Speculation | 1 comment

[Continued from yesterday’s Part 4 and the preceding Part 1, Part 2, and Part 3.] By: David A. Smith Whereas Marxist historian Marcus Rediker, interviewed by Rebecca Onion for a feature in the Boston Globe (August 24, 2014), saw in piracy a reformist or egalitarian movement, I see it in much more business-related terms – […]

Yo ho ho and a share of the profits: Part 4, “No breaking up their way of living”

6 November, 2014 (09:00) | Amnesty, Business model, Economics, Entrepreneur, Informality, Marcus Rediker, Markets, Mobility, Networks, Piracy, Pirates, Slavery, Speculation |

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith We’re multicultural because we want to sell tickets worldwide Piracy, as we’ve now established in the first three parts of this exploration of informal enterprise that started with a Boston Globe (August 24, 2014) interview of historian Marcus […]

Yo ho ho and a share of the profits: Part 3, “Marooning was their punishment”

5 November, 2014 (09:00) | Amnesty, Business model, Economics, Entrepreneur, Informality, Marcus Rediker, Markets, Mobility, Networks, Piracy, Pirates, Slavery, Speculation | 1 comment

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As shown in yesterday’s Part 2, using as an initial (but not principal) source a Boston Globe (August 24, 2014) interview of historian Marcus Rediker by Rebecca Onion, piracy as a business model relies on a disruptive technology (the ocean-going sailing […]